An independent estate agency in Warrington, New Way Homes, has been acquired by two of its long-serving employees through a management buyout. Yvonne Gosney and Faye Kenyon, who have been integral to the Penketh-based firm for 13 and 10 years respectively, have taken the reins of the business from its founder, Dave Linaker, and his family.
Established in 2002, New Way Homes has provided residential sales, lettings, and mortgage services across the Warrington area for over two decades. The transition sees Gosney and Kenyon stepping into ownership, building on their extensive experience within the local property market. This move ensures continuity for the agency's clients, with Mr Linaker expected to remain involved for a transitional period to support the new owners.
This management buyout comes at a dynamic time for the UK property market. While national data from sources like Rightmove indicates average UK house prices have seen fluctuations, regional markets like Warrington often exhibit their own distinct trends. For example, recent Halifax data suggests a modest uplift in average house prices across the North West, contrasting with some southern regions. The average UK house price stands around £288,000 as of early July 2026, with regional variations significant; properties in the North West generally remain more affordable than the national average, often appealing to first-time buyers and investors.
Mortgage rates, while off their 2023 peaks, remain a key consideration for buyers and sellers. The Bank of England's base rate, currently at 5.25%, continues to influence lending costs, impacting affordability for new homeowners and those looking to remortgage. For first-time buyers in areas like Warrington, the availability of high loan-to-value mortgages and the potential impact of stamp duty thresholds are critical factors. Landlords, a significant part of the lettings market, are navigating changes in buy-to-let mortgage rates and regulatory environments, making local expertise from agencies like New Way Homes particularly valuable.
The new ownership at New Way Homes aims to maintain the agency's established reputation for personal service. Their long tenure within the company means they are well-versed in the local market nuances and client needs, a factor that could prove beneficial in a competitive property landscape where trust and local knowledge are highly valued by both sellers and prospective buyers.